Now offering this solid 8-unit real estate investment opportunity in Grand Rapids, Michigan. Situated in a high-rent district and close to shopping, restaurants, highways, hospitals and more. All 8 units have been tastefully remodeled, and the property is completely turnkey. Each unit features 2 sizable bedrooms, 1 bathroom, updated kitchen and living room spaces and private laundry. Plenty of private off-street parking available. New roofs, Pella windows, A/C units and furnaces as of 2 years ago. Tenants pay all utilities except for water. Possible value-add with garden unit development in the basements. Don't miss out on this opportunity to build your rental portfolio!
Sold
$1,455,000
1129 Lyon St NE, Grand Rapids, MI 49503
8beds
4baths
3,136sqft
5+ Units
Built in 1961
-- sqft lot
$1,498,800 Zestimate®
$464/sqft
$1,544 Estimated rent
Home value
$1,498,800
$1.39M - $1.62M
$1,544/mo
Zestimate® history
Owner options
List your home for rent
$1,544/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,544/mo
Rent Zestimate®
Refinance and save
$7,473/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$7,473/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Ryan Ogle 616-901-4541,
EXP Realty (Grand Rapids)
Bought with:
Chad J Vanderstelt, 6501440751
City2Shore Real Estate Holland
Steve Frody, 6502366345
Source: MichRIC,MLS#: 24059440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: In Unit
Features
- Basement: Full
Interior area
- Total interior livable area: 3,136 sqft
Property
Parking
- Total spaces: 16
- Parking features: Paved
Lot
- Size: 0.61 Acres
- Dimensions: 110 x 243
- Features: Level
Details
- Parcel number: 411429130031
- Zoning description: Comm Imp
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $464/sqft
- Tax assessed value: $421,185
- Annual tax amount: $23,581
- Date on market: 2/19/2025
- Listing terms: Cash
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2025 | Sold | $1,455,000-2.7%$464/sqft |
Source:  MichRIC #24059440 Report a problem | ||
| 3/8/2025 | Pending sale | $1,495,000$477/sqft |
Source: MichRIC #24059440 Report a problem | ||
| 2/19/2025 | Listed for sale | $1,495,000$477/sqft |
Source: MichRIC #24059440 Report a problem | ||
| 2/13/2025 | Pending sale | $1,495,000$477/sqft |
Source: MichRIC #24059440 Report a problem | ||
| 2/11/2025 | Price change | $1,495,000-3.5%$477/sqft |
Source: MichRIC #24059440 Report a problem | ||
| 11/14/2024 | Listed for sale | $1,550,000+231.2%$494/sqft |
Source: MichRIC #24059440 Report a problem | ||
| 12/18/2003 | Sold | $468,000$149/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $21,842 | $454,100 +0.2% |
| 2024 | -- | $453,000 +122.1% |
| 2021 | $6,996 | $204,000 |
| 2020 | $6,996 +3.2% | $204,000 +27.8% |
| 2019 | $6,782 | $159,600 +6.4% |
| 2018 | -- | $150,000 +15.7% |
| 2017 | $6,542 | $129,600 +2.9% |
| 2016 | $6,542 | $126,000 |
| 2015 | $6,542 +5% | $126,000 +5% |
| 2013 | $6,233 | $120,000 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby homes
- $--2 bd1 ba850 sqft1129 Lyon St NE #1, Grand Rapids, MI 49503Off Market
- $--2 bd1 ba-- sqft1129 Lyon St NE APT 2, Grand Rapids, MI 49503Off Market
- $--2 bd1 ba1k sqft1131 Lyon St NE #4, Grand Rapids, MI 49503Off Market
- $1,6952 bd1 ba800 sqft1131 Lyon St NE APT 2, Grand Rapids, MI 49503For Rent
- $386,600-- bd2 ba1.3k sqft1121 Lyon St NE, Grand Rapids, MI 49503Off Market
- $351,8002 bd3 ba2.4k sqft1119 Lyon St NE, Grand Rapids, MI 49503Off Market
- $2,133,800-- bd-- ba-- sqft211 Fuller Ave NE, Grand Rapids, MI 49503Off Market
- $362,1004 bd1 ba1.5k sqft1130 Innes St NE, Grand Rapids, MI 49503Off Market
Nearby schools
GreatSchools rating
- 6/10Congress ElementaryGrades: PK-5Distance: 0.5 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.6 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,498,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,498,800
- Michigan
- Kent County
- Grand Rapids
- 49503
- Midtown
- 1129 Lyon St NE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Grand Rapids Topics
